HOLOGIC LTD.

PaymentCheck Score 2021
86Good
3.9vs last year
#1275 in UK
#84 in North West

Company Information

Company Number
02722343
Registered Address
Heron House Oaks Business Park, Crewe Road, Wythenshawe, Manchester, M23 9HZ
Status
Active
Employee Count
270
Turnover
£229,622,000
EBITDA
£12,702,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 June 1992
Nature of Business
21100 - Manufacture of basic pharmaceutical products
72190 - Other research and experimental development on natural sciences and engineering
74909 - Other professional, scientific and technical activities not elsewhere classified
Industries
Coming Soon
Region
North West

Time to Pay

Average Time to Pay
19 days
Shortest Period:1 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
76%
31-60 Days
20%
After 60 Days
4%
Not Paid Within Terms32%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-11-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
27 Sept 2020 - 27 Mar 202104 Aug 20211983%13%4%25%
01 Apr 2020 - 26 Sept 202023 Jul 20212081%15%4%39%
01 Oct 2019 - 28 Mar 202023 Jul 20212082%14%4%50%
01 Oct 2018 - 30 Mar 201916 Oct 20192073%21%6%71%
01 Apr 2018 - 29 Sept 201831 Oct 20181978%14%8%66%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms Direct services net 45 Indirect services net 60 Transport & logistics net 30

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

90

Dispute Resolution Process

Requestor of goods/services will raise dispute directly with vendor and notify accounts payable to put invoice on hold. AP will chase for updates on a weekly basis and escalate to department head if not resolved in 4 weeks

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

Hologic Ltd. is a global medical technology company that provides cutting-edge solutions for women's health, diagnostics, and surgical procedures. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

Their sustainability program includes reducing their carbon footprint through energy-efficient practices, minimizing waste generation, and using sustainable materials in their products. They also strive to promote diversity and inclusion within their workforce and community.

Hologic offers a wide range of products and services, including mammography systems, surgical equipment, and diagnostic tests for various health conditions. Their products are designed to improve patient outcomes and enhance the accuracy of medical procedures.

The company is led by a team of experienced professionals, including Stephen P. MacMillan as the Chairman, President, and CEO. They are dedicated to driving innovation and growth within the company while maintaining a strong focus on sustainability.

To learn more about Hologic Ltd. and their products and services, you can visit their website at www.hologic.co.uk. Their registered office address is Hologic Ltd., 1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, RG41 5TS, United Kingdom.

Financial Metrics

Cash
£0
Net Worth
£65,327,000
Total Current Assets
£83,143,000
Total Current Liabilities
£44,839,000

Company Location